The FT has reported that US officials warned European countries a conflict over Taiwan would trigger a huge global economic shock, costing an estimated $2.5tn in annual economic losses.
Russia’s war over Ukraine has sparked an energy crisis, global inflation, and food shortages. Progressive U.S.-led sanctions on Moscow designed to punish Vladimir Putin and cripple Russia’s economy are finally beginning to bite. Should Beijing invade Taiwan, how would China cope with similar sanctions?
Our panelists, Raymond Sung, Deputy CEO of think tank Taiwan New Constitution Foundation and Eric Huang, KMT U.S. Mission Deputy Representative in Washington DC discuss how Taiwan, its friends and allies, including the U.S., can deter China. And will Taiwan’s semiconductor industry become a true “silicon shield”?
Topics discussed:
-Russian sanctions including debt payments using international reserves banned and removal from SWIFT system.
-Sanctions on Russian coal, oil, and gas imports.
- China’s indirect military support to Russia, cushioning the blow of sanctions on Russia.
- China’s position as Russia’s biggest buyer of oil
- Taiwan Policy Act’s suggested sanctions against China for interfering with Taiwan’s democratic process, destabilizing society, and malicious cyber activity.
- Report in September that the U.S. administration is considering options for a possible package of sanctions against China to deter Xi from attempting to invade Taiwan.
- How effective do you think these sanctions might be?
- How feasible are sanctions against Beijing given the entanglement of the U.S. and world economy with China’s?
- The Biden Administration’s sweeping US chip controls
- Could these chip export controls create a “sputnik” moment in China’s semiconductor innovation.
- TSMC’s suspension of work for Chinese AI chip designer Biren.
- How reluctant are chip companies to have to so-called choose between the US and China?
- To what extent are we entering a Cold War?